Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2012

Earnings Per Share [Abstract]

Basic and Diluted EPS Computations

Reconciliations of the amounts of income and shares of PPL common stock (in thousands) for the##D<QtrEndNoComma> used in the EPS calculation are:

			Three Months				Six Months
			2012		2011		2012		2011
Income (Numerator)
Income from continuing operations after income taxes attributable to PPL			$	277	$	197	$	818	$	595
Less amounts allocated to participating securities				2		1		5		3
Income from continuing operations after income taxes available to PPL
	common shareowners		$	275	$	196	$	813	$	592
Income (loss) from discontinued operations (net of income taxes) available
	to PPL		$	(6)	$	(1)	$	(6)	$	2
Net income attributable to PPL			$	271	$	196	$	812	$	597
Less amounts allocated to participating securities				2		1		5		3
Net income available to PPL common shareowners			$	269	$	195	$	807	$	594
Shares of Common Stock (Denominator)
Weighted-average shares - Basic EPS				579,881		561,652		579,462		522,897
Add incremental non-participating securities:
		Stock options and performance units		444		367		465		287
		Forward sale agreements		268				135
Weighted-average shares - Diluted EPS				580,593		562,019		580,062		523,184
Basic EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.47	$	0.35	$	1.40	$	1.13
		Income (loss) from discontinued operations (net of income taxes)		(0.01)				(0.01)		0.01
		Net Income	$	0.46	$	0.35	$	1.39	$	1.14
Diluted EPS
Available to PPL common shareowners:
		Income from continuing operations after income taxes	$	0.47	$	0.35	$	1.40	$	1.13
		Income (loss) from discontinued operations (net of income taxes)		(0.01)				(0.01)		0.01
		Net Income	$	0.46	$	0.35	$	1.39	$	1.14

Common Stock Issuances

For the ##D<QtrEndNoComma>, 2012, PPL issued common stock related to stock-based compensation plans, ESOP and DRIP as follows:

(Shares in thousands)	Three Months		Six Months
Stock-based compensation plans (a)		76		353
ESOP				280
DRIP		617		1,175

(a)Includes stock option exercises, vesting of restricted stock and restricted stock units and conversion of stock units granted to directors.

Antidilutive Securities Excluded From Diluted EPS

For the ##D<QtrEndNoComma>, the following options to purchase PPL common stock and performance units were excluded from the computations of diluted EPS because the effect would have been antidilutive.

	Three Months				Six Months
(Shares in thousands)	2012		2011		2012		2011
Stock options		6,250		5,045		5,966		5,829
Performance units		34		1		115		4